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US Natural Gas Rises on Hot Forecasts as July Contract Expires

US Natural Gas Rises on Hot Forecasts as July Contract Expires
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US Natural Gas Rises on Hot Forecasts as July Contract Expires US natural gas futures increased in the final day of trading for the July contract as forecasts continued to show above-average temperatures in the first week of July. Individual transactions moved the market more amid a drop-off in liquidity near expiry. The more-actively-traded contract for August delivery at the benchmark Henry Hub also rose as flows to liquefied natural gas export terminals on the US Gulf Coast remain elevated.

US Natural Gas Rises on Hot Forecasts as July Contract Expires US natural gas futures increased in the final day of trading for the July contract as forecasts continued to show above-average temperatures in the first week of July. Individual transactions moved the market more amid a drop-off in liquidity near expiry. The more-actively-traded contract for August delivery at the benchmark Henry Hub also rose as flows to liquefied natural gas export terminals on the US Gulf Coast remain elevated. Increased LNG flows leave fewer supplies for the domestic market.
US (LOCATION) Henry Hub (LOCATION) the US Gulf Coast (LOCATION) LNG (ORG)
Originally published by Bloomberg Markets Read original →